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Annual Report 2013-2014
For the year ended March 31, 2013

Table of contents

  • Page 1
    Annual Report 2013-2014 For the year ended March 31, 2013

  • Page 2
    ... (Securities Code: 6816) +81-246-36-4111 Corporate Profile Continuing to grow as a Mobile Media Solution Company creating future value, Alpine creates a safe, comfortable vehicle interior environment that makes driving a pleasure with its cutting-edge in-car equipment and systems. Music and image...

  • Page 3
    ...710) (6,023) Cash flows from financing activities (Millions of yen) (329) 8,150 (5,411) (1,381) (6,701) Cash and cash equivalents at end of period (Millions of yen) 26,141 39,844 43,883 43,947 34,052 Number of employees [Separately, average number of temporary employees] (Persons) 11...

  • Page 4
    ... countries with growth potential. We also established a research and development company specializing in cloud computing in the U.S. and worked to develop new products that link in-car IT products with mobile devices such as smartphones. In China, which is now the world's largest auto market, sales...

  • Page 5
    ..., Alpine worked to expand sales in the North American aftermarket through sales of head units, chiefly CD players, and sound systems that combine high-quality speakers and amplifiers, as well as the start of sales of products to the Brazilian market, where a commercial distribution network was...

  • Page 6
    ...Review Changes in Major Management Indices for the Fiscal Year Ended March 31, 2013 (fiscal 2012) Net Sales (billion yen) (billion yen) Operating Income (billion yen... Price (yen) 2,000 (yen) 25 25 Dividend High 20 20 20 1,500 Low 20 15 1,000 10 500 10 5 0 0 2012/4 5 6 7 8 9 10 11 12 2013/1...

  • Page 7
    ... displaying the car model name on the system's opening screen, adjusting audio settings, and positioning the system's antenna for optimal reception of terrestrial digital broadcasts. We plan to expand sales of the BIG-X series by adding new models to meet the needs of a wider range of car owners and...

  • Page 8
    ... models. The Play Smart zone featured our head unit capable of smartphone speech recognition and well-attended demonstrations of the Alpine-developed TuneIt app that allows users to tune their car audio system from their smartphone. The TuneIt app and compatible new CD head unit were awarded "2013...

  • Page 9
    ... technological development capabilities of the Alps Group in such key technological areas as HMI (Human Machine Interface), AVNC (Audio, Visual, Navigation and Communications), mobile device linkage, and eco systems. The prototype cockpit in particular impressed our audiences as a good example...

  • Page 10
    ... after-sale services for Alpine's OEM car electronics products in the North American market. Previously, repair and maintenance services in this key market were outsourced, but we decided to bring this important service within the Group in order to determine the cause of problems and repair them...

  • Page 11
    ...example, we exhibited at Thailand's Bangkok International Motor Show 2012 from March 26 to April 8, 2012. The Alpine exhibition stand showcased our lineup of new products, including the ICS-X8 audio system with display, which attracted much interest for its advanced technologies that enable the user...

  • Page 12
    ... this joint research will shed light on the possible impact of a cyber attack on in-vehicle systems and yield guidelines to protect against such attacks. In addition, we are targeting the creation of new business through the development of products to protect the security of in-vehicle systems. By...

  • Page 13
    ... assets Cash and deposits Notes and accounts receivable-trade Merchandise and finished goods Work in process Raw materials and supplies Deferred tax assets Other Allowance for doubtful accounts Total current assets Noncurrent assets Property, plant and equipment Buildings and structures Accumulated...

  • Page 14
    ..., 2012 Liabilities Current liabilities Notes and accounts payable-trade Short-term loans payable Current portion of long-term loans payable Accrued expenses Income taxes payable Deferred tax liabilities Provision for bonuses Provision for directors' bonuses Provision for product warranties Provision...

  • Page 15
    ... fee Withholding tax Loss on settlement of receivables on tooling Other Total non-operating expenses Ordinary income Extraordinary income Gain on sales of noncurrent assets Gain on sales of investment securities Income of employment adjustment subsidy Compensation income Income of earthquake...

  • Page 16
    ... 2012 Minority interests in income (loss) Income before minority interests Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Share of other comprehensive income of associates accounted for using...

  • Page 17
    ..., 2012 Shareholders' equity Capital stock Balance at the beginning of current period Changes of items during the period Total changes of items during the period Balance at the end of current period Capital surplus Balance at the beginning of current period Changes of items during the period Disposal...

  • Page 18
    ... year ended March 31, 2012 Accumulated other comprehensive income Valuation difference on available-for-sale securities Balance ...' equity Total changes of items during the period Balance at the end of current period Fiscal year ended March 31, 2013 4,839 5,355 516 516 5,355 - 1,078 1,078 6,434...

  • Page 19
    ... Dividends from surplus Net income Purchase of treasury stock Disposal of treasury stock Net changes of items other than shareholders' equity Total changes of items during the period Balance at the end of current period Fiscal year ended March 31, 2013 98,759 (1,395) 4,572 (0) 2 (126) 3,051 101,811...

  • Page 20
    ... and accounts payable-trade Increase (decrease) in provision for product warranties Other, net Subtotal Interest and dividends income received Interest expenses paid Income taxes paid Income taxes refund Net cash provided by (used in) operating activities Net cash provided by (used in) investing...

  • Page 21
    ...TECHNOLOGY MANUFACTURING (THAILAND) CO., LTD. ALPINE ELECTRONICS OF ASIA PACIFIC CO., LTD. ALPINE OF ASIA PACIFIC INDIA PRIVATE LIMITED ALPINE ELECTRONICS OF MIDDLE EAST FZCO ALPINE TECHNOLOGY MANUFACTURING, INC. ALPINE ELECTRONICS MANUFACTURING, INC. ALPINE PRECISION, INC. ALPINE INFORMATION SYSTEM...

  • Page 22
    ... Bank, Ltd.) State Street Bank and Trust Company 505225 (Standing Proxy: Mizuho Corporate Bank, Ltd.) The Bank of New York, Treaty JASDEC Account (Standing Proxy: The Bank of Tokyo-Mitsubishi UFJ, Ltd.) Alpine Employee Shareholding Association 160,000,000 shares 69,784,501 shares 4,108 Number...